Challenger Gold Limited · ASX:CEL
Challenger Gold — Challenger Exploration — Investor Presentation (April 2023)
25 slides from Challenger Gold's investor presentation, Apr 5, 2023
Slide 1: Shareholder Webinar (5 April 2023)
ASX: CEL Shareholder Webinar (5 April 2023) Hualilan Gold Project : Cerro Sur looking north to Cerro Norte Challenger Exploration Limited Argentina and Ecuador Gold / Copper Projects 1
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER DISCLAIMER This presentation is for informational purposes only and does not constitute an offer to sell, or solicitation to purchase, any securities. Such Offer can be made only through proper subscription documentation and only to investors meeting strict suitabili
Slide 3: Challenger Exploration Snapshot
CHALLENGER EXPLORATION SNAPSHOT Two significant discoveries, both with grade and scale, provide strategic flexibility • Hualilan Gold Project (100% - San Juan) - 2.8 Moz1 resource remains open • High-grade system overlying a large intrusion-hosted discovery EL GUAYABO/COLORADO V GOLD - • High-grade
Slide 4: 3 Year Price Chart and Key Events
3 YEAR PRICE CHART AND KEY EVENTS $42 million Hualilan Metallurgy placement 94% Au recovery at $0.28 2.1 Moz Hualilan resource Hualilan Drilling 110m at 3.0 g/t 131m at 2.5 g/t Price based on $110 Oz of Australian gold developers (refer Channel Sampling slide 24) 15.6m at 71.7 g/t 64.8m at 28.3 g/t
Slide 5: Key Milestones Over the Next 9 Months
KEY MILESTONES OVER THE NEXT 9 MONTHS Delivery of several significant and value accretive milestones over the next 4 months Hualilan Gold Project, Argentina El Guayabo Project, Ecuador • Acquisition of underlying land covering project: • Ongoing Drill results – 100% owned ground ✓ Feb 2023 – 20,000
Slide 6: Hualilan Gold Project: 2.8Moz and growing
HUALILAN GOLD PROJECT Late Stage Intrusive Breccia (post mineral)
Slide 7: Updated Mineral Resource Estimate (MRE)
UPDATED MINERAL RESOURCE ESTIMATE (MRE) Dial in your preferred grade – the grade tonnage distribution provides significant flexibility Total MRE at various cut off grades • Upgraded MRE increases to 2.8 million ounces (AuEq)1 . • Significant increase in the high-grade component of Updated MRE: ▪ Upg
Slide 8: Mineralisation Remains Open at Depth and Along Strike
MINERALISATION REMAINS OPEN AT DEPTH AND ALONG STRIKE Several zones of high-grade starter material near surface 8
Slide 9: MRE Block Model Type Sections
MRE Block Model Type Sections The 2.8 Moz MRE remains open 9
Slide 10: Northern Verde Zone
NORTHERN VERDE ZONE New high-grade zones developing at depth Verde High Grade mineralisation • Verde 115 domain contribution to MRE: i. Open Pit – 459,000 Oz ii. Underground – 120,000 Oz at 3.7 g/t AuEq iii. Total - 579,000 Oz • Open to the north and open at depth • Verde 115 domain now looking like
Slide 11: Building a District Scale Footprint at Hualilan
BUILDING A DISTRICT SCALE FOOTPRINT AT HUALILAN Discoveries like Hualilan seldom occour in isolation – hence a 600 sqkm footprint which is unexplored • Building towards a district scale 600 km2 footprint: ▪ 235 km2 granted to CEL ▪ 329 km2 pending grant (registered in Mining Cadastre) Existing Miner
Slide 12: The Exciting Opportunity at Hualilan
THE EXCITING OPPORTUNITY AT HUALILAN Exploration has only focussed on one side of the intrusion responsible for Hualilan Processing of surface magnetic data indicates there are at least five major intrusive ATE supports the concept that centres the same 3 mineralisation has developed age as the Hual
Slide 13: El Guayabo/Colorado V Project Ecuador
El Guayabo/Colorado V Project Ecuador 13
Slide 14: El Guayabo Au-Cu Project Overview
Cangrejos Deposit EL GUAYABO Au-Cu Project Overview - 17.1 Moz at 0.6 g/t AuEq - Gold with Cu, Ag, Mo credits - 500,000 Oz AuEq production1 - ASIC US$604 Oz1 Phase #1 Exploration Drilling at El Guayabo and Colorado V (2021-2023) 1 Source Lumina Gold (TSX: LUM) PEA June 2020 • 5 kilometres along stri
Slide 15: 25,000 Metre Resource Drill Out on 100% Owned Ground
25,000 METRE RESOURCE DRILL OUT ON 100% OWNED GROUND Consistent zone of high-grade Au-Cu-Ag within the main body of mineralisation in the GY-A Discovery zone • 25,000m resource drill out will Area of MRE drill out focus on GY-A anomaly. ~ 900m strike GY-A • GY-A contains the significant zone of high
Slide 16: Main Discovery Zone (GY-A) High-Grade Copper Block
MAIN DISCOVERY ZONE (GY-A) HIGH-GRADE COPPER BLOCK Provides a coherent high-grade core of mineralisation with dimensions of 250 metres x 125 metres Insert cu breccia plan view map GY-B GYDD-21-008 : 228.5m to 231.7m 6.6 g/t AuEq – (3.0 g/ Au, 1.8% Cu, 49.0 g/t Ag) 16
Slide 17: GY-B Section A-B, 1.2 Kilometres
A B GYDD-22-024 638.2m at 0.6 g/t AuEq inc 304.3m at 1.0 g/t AuEq inc 108.5m at 2.4 g/t AuEq inc 54.2 m at 4.0 g/t AuEq ? 1.2 kilometres 17
Slide 18: Colorado V Drill Program Update
Cangrejos Deposit COLORADO V DRILL PROGRAM UPDATE - - 21.8 Moz AuEq at 0.6 g/t AuEq Gold with Cu, Ag, Mo credits First drill holes produce two significant gold discoveries - 500,000 Oz AuEq production1 - ASIC US$604 Oz1 • Au-Cu soil anomalies 1km x 0.5km 1 Source Lumina Gold (TSX : LUM) PEA June 202
Slide 19: Valuation and Milestones
Valuation and Milestones Challenger Exploration
Slide 20: Shareholder Questions
Shareholder Questions 1. The share price of CEL has sold off 72% from 30th Apr20 [$0.395] to 14th Mar23 [$0.11]. During this period the Spot Gold price has increased 13% and is currently trading at USD$1912/oz • Additionally in this time millions of $’s of shareholder funds has been spent achieving
Slide 21: Value Proposition
VALUE PROPOSITION Many catalysts achieved and significant opportunity to be re-rated with several price catalysts in the short term Several Share Price catalysts as we execute our strategy Now $0.16 • As we execute over the next 6-9 months there will be several valuation catalysts as milestones are
Slide 22: Company Strategy
COMPANY STRATEGY - Deliver key milestones in Argentina and Ecuador and create value for CEL shareholders Our Aspiration is to become a globally significant gold producer Hualilan Gold Project El Guayabo Project Company Strategy Argentina Ecuador • Hualilan to provide a high-grade low • 2.8 million o
Slide 23: Appendix 1
Appendix 1 Mineral Resource Estimate and information required under JORC Code 23
Slide 24: Hualilan Gold Project - Mineral Resource Estimate
HUALILAN GOLD PROJECT - MINERAL RESOURCE ESTIMATE JORC 2012 Compliant MRE released Mar 2023 and references 1 Gold Equivalent (AuEq) values El Guayabo Project- Requirements under the JORC Code • Assumed commodity prices for the calculation of AuEq is Au US$1780 Oz, Ag US$22 Oz, Cu US$9,650 Total MRE
Slide 25: Challenger Exploration Limited Contacts
CHALLENGER EXPLORATION LIMITED (ASX:CEL) ACN 123 591 382 Level 1, 1205 Hay Street, West Perth WA 6005 | P: +61 8 6380 9235 Kris Knauer Scott Funston Elvis Jurcevic Jane Morgan CEO & Managing Director CFO & Finance Director Investor Relations Media Relations +61 411 885 979 +61 413 867 600 +61 408 26
Challenger Exploration — Investor Presentation (April 2023) on 6ix